(Updates with estimate on the loss of revenues at paragraph 10).
April 20 (Bloomberg)--parent of American Airlines AMR Corp. posted a loss in the first quarter smaller than analysts estimated and trimmed of projected growth as rising prices pushed fuel to its great expense.Excluding some costs related to the aircraft, the loss was 405 million, or $ 1.21 per share, compared to 452 million dollars, or $1.36, a year earlier, the company based in Fort Worth, Texasa statement said today. Analysts expected $1.32, what is the average of 13 estimates compiled by Bloomberg.American paid more than 24 per cent for each gallon of fuel, over the previous year, and the expenditure accounted for 32 per cent of operating costs. The airline reduced growth capacity of 2011 for a second time in less than two months, 2.2 per cent of 3.6%, to reduce fuel consumption. "Oil prices have increased considerably, and who made a certain number of flights and marginal routes less profitable for the airlines, said Matthew Jacob, an analyst with ITG Investment Research in New York. "As oil prices remain high, and there was that they could go above, that we are likely to see more airlines to reduce capacity and airlines that already expectations were dug to try to reduce even more."AMR fell 6 cents to $5.64 4 h 01 in New York Stock Exchange composite trading. The shares fell by 28 per cent this year.LossesAmerican Airlines is the first of five largest carriers U.S. first-quarter results. Among them, only Southwest Airlines Co. is expected by analysts to post a profit. United Continental Holdings Inc. and Southwest are planned for the results of the report tomorrow, with Delta Air Lines Inc. and US Airways Group Inc. set at April 26, us and other key rates wide six U.S. airlines implemented increased during the quarter to compensate for an increase of 41% of the average reference price fuel. "Traffic of international passengers from the American, which generally carries higher rates increased by 5.8%."High fuel prices remain one of the greatest challenges of our industry and our society, "Director General Gerard Arpey said in the statement." AMR expects its fuel Bill this year to increase as much as $ 2.1 billion in 6.4 billion he spent in 2010, he said on a conference call. AMR is 1.84 billion on fuel in the first quarter.The company net loss narrowed $ 436 million, or $ 1.31 per share, $ 505 million dollars, or $1.52, a year earlier. Loss of this year, includes the $ 31 million in one-time costs, non-cash related to aircraft which AMR then leased and sold.Storms, fire, EarthquakeSales increased from 9.2% 5.53 billion a year earlier. Winter storms which forced into cancellation of 9 000 flights Americans, a fire at Miami airport fuel farm, the earthquake in the Japan and tsunami and a conflict with the revenue of the travel agencies online reduced by more than 100 million dollarsChief Financial Officer Bella Goren said today.American suspended two of the six daily flights from the U.S. to the Japan on 6 April, due to a decline in demand after the earthquake and said then the service would resume on April 26. The carrier is followed by the request, said Goren and did not have"several decisions." She agreed with estimates that demand has fallen as much as 30 percent.The airline will retire at least 25 MD-80 aircraft fleet this year as it works to replace aging aircraft more efficient fuel Co. of Boeing 737 - was. American has 219 MD - 80, with an average age of 19 years. Aircraft represent 35% of total fleet of the us.The airline is "hope" he can manage the reduction in capacity without employee layoffs, account rather on the expected retirements and attrition, said Arpey.American also said today that he exercised options for two Boeing 777-300ER aircraft more to be delivered in 2012 and 2013. The action brings to five the number of 777-300ERs will be delivered to the carrier.-Editors: Ed Dufner, Stephen West
To contact the reporter on this story: Mary Schlangenstein in Dallas at the maryc.s@bloomberg.net
To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net
没有评论:
发表评论